Securely Swiss™’s Post

Earlier this year, a finance employee at a multinational corporation in Hong Kong was deceived into transferring $25 million to cybercriminals. The criminals used deepfake technology to impersonate the company's CFO in a video call, leading to huge financial losses. As deepfakes become more advanced, businesses face increasing risks, from financial fraud to reputational damage. Looking to protect your clients from cyber threats? Arden can help you as a broker with specialist insurance placements for your clients. Find out more - https://lnkd.in/eDuW9vsb #CyberSecurity #DeepfakeThreats #CyberLiabilityInsurance #InsuranceBrokers #CyberRisk #CyberInsurance #WholesaleInsurance

In the last year, cybercrime and acts of sabotage have resulted in a cost of approximately 267 billion euros (equivalent to about $298 billion) for German companies, representing a 29% rise from the previous year. #cybercrime #riskmanagement

The news article highlights a serious societal concern involving digital fraud where even a cyber expert—someone expected to safeguard against such threats—was involved in embezzling a large amount of money. This case underscores the growing challenge of cybercrimes and the potential misuse of digital knowledge for illegal activities. It also raises concerns about the increasing sophistication of fraud schemes and the need for robust monitoring systems to detect and prevent such crimes. As more transactions move online, the risk of similar incidents can pose a significant threat to the security of individuals and institutions alike.

Corporate treasurers have a pivotal role to play as the gatekeepers of company’s finances. Read more to learn what are the steps treasurers can take to protect against fraud and cybercrime. https://grp.hsbc/6042gKaHE #TreasurySolutionsGroup #GlobalPaymentsSolutions

Corporate treasurers have a pivotal role to play as the gatekeepers of company’s finances. Read more to learn what are the steps treasurers can take to protect against fraud and cybercrime. https://grp.hsbc/6042gKaHE #TreasurySolutionsGroup #GlobalPaymentsSolutions

Corporate treasurers have a pivotal role to play as the gatekeepers of company’s finances. Read more to learn what are the steps treasurers can take to protect against fraud and cybercrime. https://grp.hsbc/6042gKaHE #TreasurySolutionsGroup #GlobalPaymentsSolutions

Corporate treasurers have a pivotal role to play as the gatekeepers of company’s finances. Read more to learn what are the steps treasurers can take to protect against fraud and cybercrime. https://grp.hsbc/6042gKaHE #TreasurySolutionsGroup #GlobalPaymentsSolutions

In hopes of intercepting wire transfers, cybercriminals often target Portcos in attempts to cash out during rollups. ⚠ Proactive IT & cyber due diligence help to mitigate not only immediate risks to your investments but also ongoing risks over the following 3-5 years. #PrivateEquity #MSP #DueDiligence

Corporate treasurers have a pivotal role to play as the gatekeepers of company’s finances. Read more to learn what are the steps treasurers can take to protect against fraud and cybercrime. https://grp.hsbc/6042gKaHE #TreasurySolutionsGroup #GlobalPaymentsSolutions